Andersen Group Inc. (NYSE:ANDG) Given Average Rating of “Moderate Buy” by Brokerages

Andersen Group Inc. (NYSE:ANDG) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $52.1667.

ANDG has been the subject of several research analyst reports. Weiss Ratings raised shares of Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. UBS Group upped their price target on shares of Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Truist Financial raised their price target on shares of Andersen Group from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Wells Fargo & Company lifted their price objective on shares of Andersen Group from $38.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, Morgan Stanley boosted their price objective on shares of Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th.

Insider Buying and Selling

In other Andersen Group news, major shareholder Durable Capital Partners Lp sold 336,736 shares of Andersen Group stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the completion of the sale, the insider owned 1,333,749 shares of the company’s stock, valued at approximately $53,363,297.49. The trade was a 20.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 13.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN acquired a new stake in shares of Andersen Group during the fourth quarter worth about $46,000. PNC Financial Services Group Inc. purchased a new stake in Andersen Group in the fourth quarter valued at approximately $215,000. Barclays PLC acquired a new position in Andersen Group in the 4th quarter worth approximately $218,000. Voloridge Investment Management LLC acquired a new position in Andersen Group in the 4th quarter worth approximately $259,000. Finally, XTX Topco Ltd purchased a new position in Andersen Group during the 4th quarter worth approximately $269,000.

Andersen Group Trading Up 6.3%

Andersen Group stock opened at $56.47 on Friday. The stock has a 50-day moving average of $44.22 and a two-hundred day moving average of $35.30. The company has a debt-to-equity ratio of 7.82, a quick ratio of 2.19 and a current ratio of 2.19. Andersen Group has a one year low of $18.12 and a one year high of $56.61. The stock has a market cap of $6.38 billion and a PE ratio of -106.54.

Andersen Group (NYSE:ANDG) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.07. The business had revenue of $217.66 million during the quarter. On average, research analysts anticipate that Andersen Group will post 0.73 EPS for the current fiscal year.

Andersen Group Company Profile

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.